CA seeks BBBF's permanent structure under BoI

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Chief Adviser (CA) Dr Fakhruddin Ahmed Tuesday called for strengthening the Bangladesh Better Business Forum (BBBF) by bringing it under a permanent administrative structure to continue the success it had achieved, reports UNB.
"To retain its earned success trend it is necessary to strengthen the BBBF by bringing it under a permanent administrative structure," Dr Fakhruddin said at the 6th meeting of BBBF, held at the Chief Adviser's Office.
Presiding over the meeting, the CA said BBBF was established on November 25, 2007 with the joint participation of the government and private sectors for creating a new and effective trend for smooth investment and trade in the country.
The meeting approved a proposal for incorporating a separate secretariat for BBBF under the organisational structure of the Board of Investment (BoI). It was also decided to form an executive committee to bring dynamism in policy formulation and implementation of the BBBF in future.
Five working committees of BBBF so far formulated 290 recommendations (new 42), and from those 209 were approved by BBBF. Among the approved recommendations, 94 have already been implemented, and the rest are at the implementation stage.
The implemented recommendations include simplifying the export-import forms, rationalising the LC charges of local and foreign banks, creating endowment fund for the agricultural sector, modernising power generating stations and strengthening the BBBF secretariat.
Among others, CA's special assistants Mahbub Jamil and Dr M Tamim were present at the meeting.